Real Estate Credit Investments Limited (LON:RECI) Insider Purchases £23,000 in Stock

Real Estate Credit Investments Limited (LON:RECI) insider Bob Cowdell purchased 20,000 shares of Real Estate Credit Investments stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average cost of GBX 115 ($1.43) per share, for a total transaction of £23,000 ($28,631.89).

Bob Cowdell also recently made the following trade(s):

• On Friday, February 16th, Bob Cowdell bought 10,000 shares of Real Estate Credit Investments stock. The stock was purchased at an average cost of GBX 121 ($1.51) per share, for a total transaction of £12,100 ($15,062.87).

Real Estate Credit Investments Stock Up 0.9 %

Shares of LON:RECI opened at GBX 116 ($1.44) on Friday. The firm’s 50 day moving average price is GBX 118.32 and its 200 day moving average price is GBX 124.31. The stock has a market cap of £261.28 million, a price-to-earnings ratio of 1,054.55 and a beta of 0.43. Real Estate Credit Investments Limited has a fifty-two week low of GBX 109.50 ($1.36) and a fifty-two week high of GBX 134 ($1.67). The company has a quick ratio of 0.10, a current ratio of 0.18 and a debt-to-equity ratio of 17.51.

Real Estate Credit Investments Announces Dividend

The company also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 14th were issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 2.5%. Real Estate Credit Investments’s dividend payout ratio (DPR) is 10,909.09%.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.